What Do We Know So Far about Multigenerational Mobility?
“Multigenerational mobility” refers to the associations in socioeconomic status across three or more generations. This article begins by summarizing the longstanding but recently growing empirical literature on multigenerational mobility. It then discusses multiple theoretical interpretations of the empirical patterns, including the one recently proposed in Gregory Clark’s book The Son Also Rises.
This paper was prepared for the HCEO Conference on Social Mobility held at the University of Chicago in November 2014. The author is grateful for helpful comments from the conference participants, Sheng Guo, Patrick Kline, Kelly Vosters, and seminar participants at Florida International University. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.
Gary Solon, 2018. "What Do We Know So Far about Multigenerational Mobility?," The Economic Journal, vol 128(612), pages F340-F352. citation courtesy of